Amendment status not verified — confirm the current text below against the official source.
(1) On the application of a creditor of a society who,- (a) satisfies the Registrar that the debt is a sum then due, and that he has demanded payment thereof and has not received satisfaction within reasonable time, and (b) deposits with the Registrar such sum as the Registrar may require as security for the costs of any inspection of the books of the society, the Registrar may, if he thinks it necessary, inspect or direct a person authorized by him by order in writing in this behalf to inspect, the books of the society. (2) The Registrar shall communicate the result of any such inspection to the applicant, and to the society whose books have been inspected. (3) It shall be competent for the Registrar to withdraw any inspection from the officer to whom it is entrusted, and to carry out to the inspection himself or entrust it to any other person as he deems fit. 46[88. (1) (a) The Registrar or the person authorized by him in this behalf shall have the right to inspect the books of any society and shall have free access to the books, accounts, documents, securities, cash and other properties belonging to, or in the custody of, the society. Inspection of book of indebted society. Inspections of books by Registrar or financing bank or federal society. [1962: Guj. X Gujarat Co-operative Societies Act, 1961 (b) Every person who is or has at any time been an officer or employee of the society and every member and past member of the society shall furnish such information in regard to such transactions and working of the society as the Registrar or the person authorized by him may require. (2) Where a society is indebted to any co-operative financing bank, such bank shall have the right to inspect the books of that society. The inspection may be made either by an officer of the bank authorized by the committee of such bank or by a member of its paid staff certified by the Registrar as competent to undertake such inspection. The officer or member so Registrar as shall at all reasonable times, have free access to the books, accounts, documents, securities, cash and other properties belonging to or in the custody of the society and may also call for such information, statements and returns, as may be necessary, to ascertain the financial condition of the society and the safely of the sums lent to it by the bank. (3) Where a society is a member of a federal society recognized by the State Government under section 95 such federal shall have the right to inspect the books of that society. The inspection may be made either by an officer of the federal society authorized by the committee of such federal society or by a paid employee of such federal society certified by the Registrar as competent to undertake such inspection. Such officer or employee shall at all reasonable times have free access to the books, accounts, documents, securities, cash and other properties belonging to, of in the custody of the society and may also call for such information, statements and returns as may be necessary.]